Financings In Brief
This article was originally published in The Gray Sheet
Executive Summary
Cyberkinetics private placement to fund Andara OFS launch: Private placement raises $10 mil. to support a planned 2007 launch of the firm's Andara OFS oscillating field stimulator. The device received a humanitarian use device designation on Sept. 6, and is designed to promote nerve fiber regeneration in patients with recent spinal cord injuries, thereby improving or restoring tactile sensation and some movement in patients with quadriplegia and tetraplegia. Contingent upon FDA humanitarian device exemption (HDE) approval, a "limited" launch is expected next year (1"The Gray Sheet" Sept. 11, 2006, In Brief)...